Innovation in Non-Profit and For-Profit Organizations: Visionary, Strategic, and Financial Considerations

Journal of Change Management 6 (1), 53-65

14 Pages Posted: 10 Dec 2016

See all articles by Clyde Eiríkur Hull

Clyde Eiríkur Hull

Rochester Institute of Technology (RIT) - Saunders College of Business

Brian Lio

Rochester Institute of Technology (RIT) - College of Computing and Information Sciences

Date Written: March 1, 2006

Abstract

Innovation has been widely studied in the context of for-profit organizations. Less attention has been paid in business literature to innovation in non-profit organizations. This paper lays out a model for comparison and then explores the differences between the two types of organizations. Using these data, predictions are made as to how these differences will impact the innovative behaviour of non-profit organizations and theories are proposed about the methods of innovation most suited to a non-profit organization. A theoretical model is presented which incorporates differences in vision, in strategic constraints, and in financial constraints.

Keywords: Innovation, non-profit

Suggested Citation

Hull, Clyde Eiríkur and Lio, Brian, Innovation in Non-Profit and For-Profit Organizations: Visionary, Strategic, and Financial Considerations (March 1, 2006). Journal of Change Management 6 (1), 53-65, Available at SSRN: https://ssrn.com/abstract=2882099

Clyde Eiríkur Hull (Contact Author)

Rochester Institute of Technology (RIT) - Saunders College of Business ( email )

105 Lomb Memorial Dr.
Rochester, NY 14623
United States

Brian Lio

Rochester Institute of Technology (RIT) - College of Computing and Information Sciences ( email )

United States

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